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Stock impact report

VSE Reports Financial Results for Second Quarter 2018

VSE Corporation (VSEC) 
US:NASDAQ Investor Relations: ir.vsecorp.com
Company Research Source: Business Wire
Federal Group Revenue Declines; Aviation Group Increases ALEXANDRIA, Va.--(BUSINESS WIRE)-- VSE Corporation (Nasdaq: VSEC) reported the following unaudited consolidated financial results for the second quarter of 2018. CEO Commentary "We continue to experience a reduction in revenue from our Federal Services Group; however, contract backlog improved at the end of the second quarter. We are attaining encouraging results from our strategic efforts in our Aviation Group. Our Singapore operation began generating revenue in the second quarter as we extend new product lines to new geographic and end-user markets,” said Maurice “Mo” Gauthier, VSE CEO. Mr. Gauthier continued, “Our Supply Chain Management Group’s revenue decreased slightly due to a reduction of parts ordered by the U.S. Postal Service, which was partially offset by increases in commercial and DoD revenue during the second Show less Read more
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